<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0708</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001757500</cik>
        <entityName>National Multifamily Portfolio IV DST</entityName>
        <issuerAddress>
            <street1>C/- INLAND PRIVATE CAPITAL CORPORATION</street1>
            <street2>2901 BUTTERFIELD ROAD</street2>
            <city>OAK BROOK</city>
            <stateOrCountry>IL</stateOrCountry>
            <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
            <zipCode>60523</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>8886711031</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Business Trust</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2018</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <lastName>Inland Private Capital Corporation</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2901 Butterfield Road</street1>
                <city>Oak Brook</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60523</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Sponsor of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>n/a</firstName>
                <lastName>National Multifamily Portfolio IV Exchange, L.L.C.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2901 Butterfield Road</street1>
                <city>Oak Brook</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60523</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Signatory Trustee of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>n/a</firstName>
                <lastName>National Multifamily Portfolio IV, L.L.C.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2901 Butterfield Road</street1>
                <city>Oak Brook</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60523</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Depositor of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mitchell</firstName>
                <middleName>L</middleName>
                <lastName>Sabshon</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2901 Butterfield Road</street1>
                <city>Oak Brook</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60523</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director and Chairman of the Board of the Sponsor</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Keith</firstName>
                <middleName>D.</middleName>
                <lastName>Lampi</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2901 Butterfield Road</street1>
                <city>Oak Brook</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60523</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director, President and Chief Operating Officer of the Sponsor</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Rahul</firstName>
                <lastName>Sehgal</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2901 Butterfield Road</street1>
                <city>Oak Brook</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60523</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director and Chief Investment Officer of the Sponsor</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Daniel</firstName>
                <middleName>L</middleName>
                <lastName>Goodwin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2901 Butterfield Road</street1>
                <city>Oak Brook</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60523</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of the Sponsor</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Catherine</firstName>
                <middleName>L</middleName>
                <lastName>Lynch</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2901 Butterfield Road</street1>
                <city>Oak Brook</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60523</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of the Sponsor</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Roberta</firstName>
                <middleName>S</middleName>
                <lastName>Matlin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2901 Butterfield Road</street1>
                <city>Oak Brook</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60523</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of the Sponsor</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Robert</firstName>
                <middleName>D</middleName>
                <lastName>Parks</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2901 Butterfield Road</street1>
                <city>Oak Brook</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60523</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of the Sponsor</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other Real Estate</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06b</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001757500-19-000004</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2018-10-15</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>25000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Daniel Raupp</recipientName>
                <recipientCRDNumber>4079107</recipientCRDNumber>
                <associatedBDName>Concorde Investment Services, LLC</associatedBDName>
                <associatedBDCRDNumber>151604</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>19500 Victor Parkway</street1>
                    <street2>Suite 550</street2>
                    <city>Livonia</city>
                    <stateOrCountry>MI</stateOrCountry>
                    <stateOrCountryDescription>MICHIGAN</stateOrCountryDescription>
                    <zipCode>48152</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>WA</state>
                    <description>WASHINGTON</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Christina Nielson</recipientName>
                <recipientCRDNumber>4866971</recipientCRDNumber>
                <associatedBDName>Primex Prime Electronic Execution Inc</associatedBDName>
                <associatedBDCRDNumber>29394</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>54 West 21st Street</street1>
                    <street2>12th Floor</street2>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10010</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>David Dahill</recipientName>
                <recipientCRDNumber>6581024</recipientCRDNumber>
                <associatedBDName>WealthForge Securities LLC</associatedBDName>
                <associatedBDCRDNumber>152550</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>6800 Paragon Place</street1>
                    <street2>Suite 200</street2>
                    <city>Richmond</city>
                    <stateOrCountry>VA</stateOrCountry>
                    <stateOrCountryDescription>VIRGINIA</stateOrCountryDescription>
                    <zipCode>23230</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>PA</state>
                    <description>PENNSYLVANIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Hugo Grimaldi</recipientName>
                <recipientCRDNumber>4626118</recipientCRDNumber>
                <associatedBDName>Money Concepts Capital Corp.</associatedBDName>
                <associatedBDCRDNumber>12963</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>11440 North Jog Road</street1>
                    <city>Palm Beach Gardens</city>
                    <stateOrCountry>FL</stateOrCountry>
                    <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                    <zipCode>33418</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>OR</state>
                    <description>OREGON</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Scott Sheehan</recipientName>
                <recipientCRDNumber>2328614</recipientCRDNumber>
                <associatedBDName>DFPG Investments, Inc.</associatedBDName>
                <associatedBDCRDNumber>155576</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>9017 S. Riverside Drive</street1>
                    <street2>Suite 210</street2>
                    <city>Sandy</city>
                    <stateOrCountry>UT</stateOrCountry>
                    <stateOrCountryDescription>UTAH</stateOrCountryDescription>
                    <zipCode>84070</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>DC</state>
                    <description>DISTRICT OF COLUMBIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Gene Williams</recipientName>
                <recipientCRDNumber>851665</recipientCRDNumber>
                <associatedBDName>Questar Capital Corp.</associatedBDName>
                <associatedBDCRDNumber>43100</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>5701 Golden Hills Drive</street1>
                    <city>Minneapolis</city>
                    <stateOrCountry>MN</stateOrCountry>
                    <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                    <zipCode>55416</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Gena Mickschl</recipientName>
                <recipientCRDNumber>4464215</recipientCRDNumber>
                <associatedBDName>Questar Capital Corp.</associatedBDName>
                <associatedBDCRDNumber>43100</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>5701 Golden Hills Drive</street1>
                    <city>Minneapolis</city>
                    <stateOrCountry>MN</stateOrCountry>
                    <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                    <zipCode>55416</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Edward Fernandez</recipientName>
                <recipientCRDNumber>2956661</recipientCRDNumber>
                <associatedBDName>Capulent LLC</associatedBDName>
                <associatedBDCRDNumber>115115</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4144 N. 44th Street</street1>
                    <street2>Ste. 3</street2>
                    <city>Phoenix</city>
                    <stateOrCountry>AZ</stateOrCountry>
                    <stateOrCountryDescription>ARIZONA</stateOrCountryDescription>
                    <zipCode>85018</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Justin Bachman</recipientName>
                <recipientCRDNumber>6412695</recipientCRDNumber>
                <associatedBDName>Capulent LLC</associatedBDName>
                <associatedBDCRDNumber>155155</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4144 N. 44th Street</street1>
                    <street2>Ste. 3</street2>
                    <city>Phoneix</city>
                    <stateOrCountry>AZ</stateOrCountry>
                    <stateOrCountryDescription>ARIZONA</stateOrCountryDescription>
                    <zipCode>85018</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>David Launder</recipientName>
                <recipientCRDNumber>2239910</recipientCRDNumber>
                <associatedBDName>Woodbury Financial Services, Inc.</associatedBDName>
                <associatedBDCRDNumber>421</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>7755 3RD STREET NORTH</street1>
                    <city>OAKDALE</city>
                    <stateOrCountry>MN</stateOrCountry>
                    <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                    <zipCode>55128</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>OR</state>
                    <description>OREGON</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Michael Markey</recipientName>
                <recipientCRDNumber>320042</recipientCRDNumber>
                <associatedBDName>American Investors Co Lsy Dba</associatedBDName>
                <associatedBDCRDNumber>38</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2440 CAMINO RAMON</street1>
                    <street2>SUITE 103</street2>
                    <city>SAN RAMON</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>94583</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Spencer Weston</recipientName>
                <recipientCRDNumber>1482772</recipientCRDNumber>
                <associatedBDName>Questar Capital Corp.</associatedBDName>
                <associatedBDCRDNumber>43100</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>5701 GOLDEN HILLS DRIVE</street1>
                    <city>MINNEAPOLIS</city>
                    <stateOrCountry>MN</stateOrCountry>
                    <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                    <zipCode>55416</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Matt Rubis</recipientName>
                <recipientCRDNumber>5863109</recipientCRDNumber>
                <associatedBDName>Parkland Securities, LLC</associatedBDName>
                <associatedBDCRDNumber>115368</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>300 PARKLAND PLAZA</street1>
                    <city>ANN ARBOR</city>
                    <stateOrCountry>MI</stateOrCountry>
                    <stateOrCountryDescription>MICHIGAN</stateOrCountryDescription>
                    <zipCode>48103</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>ND</state>
                    <description>NORTH DAKOTA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Stephen Norton</recipientName>
                <recipientCRDNumber>2132723</recipientCRDNumber>
                <associatedBDName>Money Concepts Capital Corp.</associatedBDName>
                <associatedBDCRDNumber>12963</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>11440 NORTH JOG ROAD</street1>
                    <city>PALM BEACH GARDENS</city>
                    <stateOrCountry>FL</stateOrCountry>
                    <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                    <zipCode>33418</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>OR</state>
                    <description>OREGON</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Cambridge Investment Research</recipientName>
                <recipientCRDNumber>39543</recipientCRDNumber>
                <associatedBDName>Cambridge Investment Research</associatedBDName>
                <associatedBDCRDNumber>39543</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1776 PLEASANT PLAIN RD.</street1>
                    <city>FAIRFIELD</city>
                    <stateOrCountry>IA</stateOrCountry>
                    <stateOrCountryDescription>IOWA</stateOrCountryDescription>
                    <zipCode>52556</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>KY</state>
                    <description>KENTUCKY</description>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Maxwell Phillips</recipientName>
                <recipientCRDNumber>4953387</recipientCRDNumber>
                <associatedBDName>Sagepoint Financial, Inc.</associatedBDName>
                <associatedBDCRDNumber>133763</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>20 E THOMAS RD</street1>
                    <street2>SUITE 2000</street2>
                    <city>PHOENIX</city>
                    <stateOrCountry>AZ</stateOrCountry>
                    <stateOrCountryDescription>ARIZONA</stateOrCountryDescription>
                    <zipCode>85012</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Michael Feldman</recipientName>
                <recipientCRDNumber>1200174</recipientCRDNumber>
                <associatedBDName>APW Capital Inc</associatedBDName>
                <associatedBDCRDNumber>43814</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>100 ENTERPRISE DRIVE</street1>
                    <street2>SUITE 504</street2>
                    <city>ROCKAWAY</city>
                    <stateOrCountry>NJ</stateOrCountry>
                    <stateOrCountryDescription>NEW JERSEY</stateOrCountryDescription>
                    <zipCode>07866</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>PA</state>
                    <description>PENNSYLVANIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>John Kwee</recipientName>
                <recipientCRDNumber>1531077</recipientCRDNumber>
                <associatedBDName>Sagepoint Financial, Inc.</associatedBDName>
                <associatedBDCRDNumber>133763</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>20 E THOMAS RD</street1>
                    <street2>SUITE 2000</street2>
                    <city>PHOENIX</city>
                    <stateOrCountry>AZ</stateOrCountry>
                    <stateOrCountryDescription>ARIZONA</stateOrCountryDescription>
                    <zipCode>85012</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>HI</state>
                    <description>HAWAII</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>David Ebner</recipientName>
                <recipientCRDNumber>2917646</recipientCRDNumber>
                <associatedBDName>Independent Financial Group, LLC</associatedBDName>
                <associatedBDCRDNumber>7717</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>12671 HIGH BLUFF DRIVE</street1>
                    <street2>SUITE 200</street2>
                    <city>SAN DIEGO</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92130</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Joseph Hagler</recipientName>
                <recipientCRDNumber>2630055</recipientCRDNumber>
                <associatedBDName>Royal Alliance Associates, Inc.</associatedBDName>
                <associatedBDCRDNumber>23131</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>10 EXCHANGE PLACE</street1>
                    <street2>SUITE 1410</street2>
                    <city>JERSEY CITY</city>
                    <stateOrCountry>NJ</stateOrCountry>
                    <stateOrCountryDescription>NEW JERSEY</stateOrCountryDescription>
                    <zipCode>07302</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Michael Puls</recipientName>
                <recipientCRDNumber>2671882</recipientCRDNumber>
                <associatedBDName>Woodbury Financial Services, Inc.</associatedBDName>
                <associatedBDCRDNumber>421</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>7755 3RD STREET NORTH</street1>
                    <city>OAKDALE</city>
                    <stateOrCountry>MN</stateOrCountry>
                    <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
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                    <state>NE</state>
                    <description>NEBRASKA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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                <recipientName>David Rodriguez</recipientName>
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                    <street1>20 E THOMAS RD</street1>
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                    <state>TX</state>
                    <description>TEXAS</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Troy Wada</recipientName>
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                    <state>HI</state>
                    <description>HAWAII</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Benjamin Disalle</recipientName>
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                    <state>CO</state>
                    <description>COLORADO</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Lucas Dipietro</recipientName>
                <recipientCRDNumber>5565637</recipientCRDNumber>
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                    <state>CA</state>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>1st Global Capital Corporation</recipientName>
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                    <description>OHIO</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Mike Bendix</recipientName>
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                    <description>NEW YORK</description>
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                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Matthew Nielsen</recipientName>
                <recipientCRDNumber>2762423</recipientCRDNumber>
                <associatedBDName>Stonecrest Capital Markets, Inc</associatedBDName>
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                    <street1>300 W. 6th St.</street1>
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                    <city>Austin</city>
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                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>78701</zipCode>
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                    <state>CA</state>
                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Deborah Stackpole</recipientName>
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                    <street1>300 W. 6th St.</street1>
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                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>78701</zipCode>
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                    <state>CA</state>
                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Edward Kasperavich</recipientName>
                <recipientCRDNumber>4970038</recipientCRDNumber>
                <associatedBDName>Stonecrest Capital Markets, Inc</associatedBDName>
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                    <street1>300 W. 6th St.</street1>
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                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
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                    <state>CA</state>
                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>S. Paul Lorusso</recipientName>
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                    <street1>2300 Windy Ridge Pkwy</street1>
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                    <description>NORTH CAROLINA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Patrick Conway</recipientName>
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                    <description>FLORIDA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>N. William Vertrees</recipientName>
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                    <city>Jersey City</city>
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                    <stateOrCountryDescription>NEW JERSEY</stateOrCountryDescription>
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                    <state>CA</state>
                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Kevin Ryan</recipientName>
                <recipientCRDNumber>4255125</recipientCRDNumber>
                <associatedBDName>Royal Alliance Associates, Inc.</associatedBDName>
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                    <street1>10 Exchange Place</street1>
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                    <stateOrCountry>NJ</stateOrCountry>
                    <stateOrCountryDescription>NEW JERSEY</stateOrCountryDescription>
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                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Derrigan Sheedy</recipientName>
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                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>William Upson</recipientName>
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                <associatedBDName>Royal Alliance Associates, Inc.</associatedBDName>
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                    <street1>10 Exchange Place</street1>
                    <street2>Suite 1410</street2>
                    <city>Jersey City</city>
                    <stateOrCountry>NJ</stateOrCountry>
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                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Injil Muhammad</recipientName>
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            <recipient>
                <recipientName>Troy Thomas</recipientName>
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            <recipient>
                <recipientName>Kevin Hughes</recipientName>
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                    <street2>SUITE 310</street2>
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                <recipientName>Lincoln Financial Advisors</recipientName>
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                <recipientName>Eric Scaff</recipientName>
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                <recipientName>Anthony Urban</recipientName>
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                    <stateOrCountryDescription>GEORGIA</stateOrCountryDescription>
                    <zipCode>30339</zipCode>
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                <recipientName>Barry Ozer</recipientName>
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                    <stateOrCountryDescription>GEORGIA</stateOrCountryDescription>
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                <recipientName>Kirk Dobson</recipientName>
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                    <zipCode>68510-2234</zipCode>
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                <recipientName>Christopher Riel</recipientName>
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                <recipientName>Robert Fagan</recipientName>
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                <recipientName>George Pitra</recipientName>
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                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92130</zipCode>
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                    <description>ARIZONA</description>
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                <recipientName>John Cahill</recipientName>
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                    <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                    <zipCode>55416</zipCode>
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                    <description>NEW YORK</description>
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                <recipientName>Carmen Morrone</recipientName>
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                <recipientName>Barry Le May</recipientName>
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                <recipientName>Jonathan Khalavsky</recipientName>
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                <recipientName>RCX Capital Group LLC</recipientName>
                <recipientCRDNumber>114290</recipientCRDNumber>
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                <associatedBDCRDNumber>None</associatedBDCRDNumber>
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                    <street1>2002 TIMBERLOCH PLACE</street1>
                    <street2>SUITE 200</street2>
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                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>77380</zipCode>
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                    <state>CA</state>
                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Richard Holtan</recipientName>
                <recipientCRDNumber>2410936</recipientCRDNumber>
                <associatedBDName>Crown Capital Securities L.P</associatedBDName>
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                    <street1>725 TOWN &amp; COUNTRY ROAD</street1>
                    <street2>SUITE 530</street2>
                    <city>Orange</city>
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                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92868</zipCode>
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                    <state>NV</state>
                    <description>NEVADA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Thomas Scheiman</recipientName>
                <recipientCRDNumber>1508288</recipientCRDNumber>
                <associatedBDName>Independence Capital Co, Inc.</associatedBDName>
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                    <street1>5579 PEARL ROAD, SUITE 100</street1>
                    <city>Parma</city>
                    <stateOrCountry>OH</stateOrCountry>
                    <stateOrCountryDescription>OHIO</stateOrCountryDescription>
                    <zipCode>44129</zipCode>
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                    <state>OH</state>
                    <description>OHIO</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Brian Vosberg</recipientName>
                <recipientCRDNumber>4476509</recipientCRDNumber>
                <associatedBDName>Centaurus Financial, Inc.</associatedBDName>
                <associatedBDCRDNumber>30833</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2300 E. KATELLA AVENUE</street1>
                    <street2>SUITE #200</street2>
                    <city>ANAHEIM</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92806</zipCode>
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                    <state>CA</state>
                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Roger Smith</recipientName>
                <recipientCRDNumber>1964274</recipientCRDNumber>
                <associatedBDName>First Allied Securities Inc.</associatedBDName>
                <associatedBDCRDNumber>32444</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>655 WEST BROADWAY 12TH FLOOR</street1>
                    <city>San Diego</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92101</zipCode>
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                    <state>CT</state>
                    <description>CONNECTICUT</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Jared Sutton</recipientName>
                <recipientCRDNumber>5600742</recipientCRDNumber>
                <associatedBDName>Voya Financial Advisors</associatedBDName>
                <associatedBDCRDNumber>2882</associatedBDCRDNumber>
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                    <street1>699 WALNUT STREET</street1>
                    <street2>Suite 1000</street2>
                    <city>Des Moines</city>
                    <stateOrCountry>IA</stateOrCountry>
                    <stateOrCountryDescription>IOWA</stateOrCountryDescription>
                    <zipCode>50309</zipCode>
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                    <state>IN</state>
                    <description>INDIANA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Benjamin Hill</recipientName>
                <recipientCRDNumber>2983275</recipientCRDNumber>
                <associatedBDName>Galt Financial Group, Inc.</associatedBDName>
                <associatedBDCRDNumber>146976</associatedBDCRDNumber>
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                    <street1>2815 TOWNSGATE RD</street1>
                    <street2>SUITE 100</street2>
                    <city>West Lake Village</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>91361</zipCode>
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                    <state>CA</state>
                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Lois Leynse</recipientName>
                <recipientCRDNumber>2949395</recipientCRDNumber>
                <associatedBDName>H D Vest Investment Securities Inc</associatedBDName>
                <associatedBDCRDNumber>13686</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>6333 NORTH STATE HIGHWAY 161</street1>
                    <street2>4TH FLOOR</street2>
                    <city>IRVING</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>75038-2200</zipCode>
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                    <state>CA</state>
                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>John Ochsner</recipientName>
                <recipientCRDNumber>1502183</recipientCRDNumber>
                <associatedBDName>Cetera Advisors, LLC</associatedBDName>
                <associatedBDCRDNumber>10299</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4600 SOUTH SYRACUSE STREET</street1>
                    <street2>Suite 600</street2>
                    <city>Denver</city>
                    <stateOrCountry>CO</stateOrCountry>
                    <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                    <zipCode>80237</zipCode>
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                    <state>WA</state>
                    <description>WASHINGTON</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Nathaniel Edie</recipientName>
                <recipientCRDNumber>4278231</recipientCRDNumber>
                <associatedBDName>Cetera Advisors, LLC</associatedBDName>
                <associatedBDCRDNumber>10299</associatedBDCRDNumber>
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                    <street1>4600 SOUTH SYRACUSE STREET</street1>
                    <street2>Suite 600</street2>
                    <city>Denver</city>
                    <stateOrCountry>CO</stateOrCountry>
                    <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                    <zipCode>80237</zipCode>
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                    <state>NE</state>
                    <description>NEBRASKA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Peter Fisher</recipientName>
                <recipientCRDNumber>1259923</recipientCRDNumber>
                <associatedBDName>Investacorp, Inc.</associatedBDName>
                <associatedBDCRDNumber>7684</associatedBDCRDNumber>
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                    <street1>4400 BISCAYNE BLVD</street1>
                    <street2>11TH FLOOR</street2>
                    <city>MIAMI</city>
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                    <zipCode>33137</zipCode>
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                    <description>FLORIDA</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Grant Conness</recipientName>
                <recipientCRDNumber>4778193</recipientCRDNumber>
                <associatedBDName>Madison Avenue Securities, LLC</associatedBDName>
                <associatedBDCRDNumber>23224</associatedBDCRDNumber>
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                    <street1>15050 AVENUE OF SCIENCE</street1>
                    <street2>SUITE 150</street2>
                    <city>SAN DIEGO</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92128</zipCode>
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                    <state>FL</state>
                    <description>FLORIDA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Vernon Henifin</recipientName>
                <recipientCRDNumber>2986399</recipientCRDNumber>
                <associatedBDName>Centaurus Financial, Inc.</associatedBDName>
                <associatedBDCRDNumber>30833</associatedBDCRDNumber>
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                    <street1>2300 E. KATELLA AVENUE</street1>
                    <street2>SUITE #200</street2>
                    <city>ANAHEIM</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92806</zipCode>
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                    <state>OR</state>
                    <description>OREGON</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Bhavin Mehta</recipientName>
                <recipientCRDNumber>2233753</recipientCRDNumber>
                <associatedBDName>Securities America Inc.</associatedBDName>
                <associatedBDCRDNumber>10205</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>12325 PORT GRACE BLVD.</street1>
                    <city>Lavista</city>
                    <stateOrCountry>NE</stateOrCountry>
                    <stateOrCountryDescription>NEBRASKA</stateOrCountryDescription>
                    <zipCode>68128</zipCode>
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                    <state>CA</state>
                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Kirk Miller</recipientName>
                <recipientCRDNumber>5004970</recipientCRDNumber>
                <associatedBDName>Western International Secs Inc</associatedBDName>
                <associatedBDCRDNumber>39262</associatedBDCRDNumber>
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                    <street1>70 SOUTH LAKE AVENUE</street1>
                    <street2>SUITE 700</street2>
                    <city>Pasadena</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>91101</zipCode>
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                    <state>CA</state>
                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Jeff Morris</recipientName>
                <recipientCRDNumber>2478499</recipientCRDNumber>
                <associatedBDName>Moloney Securities Co</associatedBDName>
                <associatedBDCRDNumber>38535</associatedBDCRDNumber>
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                    <street1>13537 BARRETT PARKWAY DRIVE</street1>
                    <street2>#300</street2>
                    <city>Manchester</city>
                    <stateOrCountry>MO</stateOrCountry>
                    <stateOrCountryDescription>MISSOURI</stateOrCountryDescription>
                    <zipCode>63021</zipCode>
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                    <state>CO</state>
                    <description>COLORADO</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Tim Clairmont</recipientName>
                <recipientCRDNumber>2847591</recipientCRDNumber>
                <associatedBDName>Lion Street Financial, LLC</associatedBDName>
                <associatedBDCRDNumber>165828</associatedBDCRDNumber>
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                    <street1>515 CONGRESS AVE</street1>
                    <street2>SUITE 2500</street2>
                    <city>Austin</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>78701</zipCode>
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                    <state>OR</state>
                    <description>OREGON</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Jeffrey Bangerter</recipientName>
                <recipientCRDNumber>1687028</recipientCRDNumber>
                <associatedBDName>Berthel Fisher &amp; Co Financial Svcs</associatedBDName>
                <associatedBDCRDNumber>13609</associatedBDCRDNumber>
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                    <street1>4201 42ND STREET NE</street1>
                    <street2>SUITE 100</street2>
                    <city>Cedar Rapids</city>
                    <stateOrCountry>MI</stateOrCountry>
                    <stateOrCountryDescription>MICHIGAN</stateOrCountryDescription>
                    <zipCode>52402</zipCode>
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                    <state>CA</state>
                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Brian Long</recipientName>
                <recipientCRDNumber>5270961</recipientCRDNumber>
                <associatedBDName>Voya Financial Advisors</associatedBDName>
                <associatedBDCRDNumber>2882</associatedBDCRDNumber>
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                    <street1>699 WALNUT STREET</street1>
                    <street2>Suite 1000</street2>
                    <city>Des Moines</city>
                    <stateOrCountry>IA</stateOrCountry>
                    <stateOrCountryDescription>IOWA</stateOrCountryDescription>
                    <zipCode>50309</zipCode>
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                <statesOfSolicitationList>
                    <state>OH</state>
                    <description>OHIO</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>William Tufts</recipientName>
                <recipientCRDNumber>2053884</recipientCRDNumber>
                <associatedBDName>Crown Capital Securities L.P.</associatedBDName>
                <associatedBDCRDNumber>6312</associatedBDCRDNumber>
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                    <street1>725 TOWN &amp; COUNTRY ROAD</street1>
                    <street2>SUITE 530</street2>
                    <city>Orange</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92868</zipCode>
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                    <state>OR</state>
                    <description>OREGON</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Joseph Nugent</recipientName>
                <recipientCRDNumber>4019776</recipientCRDNumber>
                <associatedBDName>Concorde Investment Services, LLC</associatedBDName>
                <associatedBDCRDNumber>151604</associatedBDCRDNumber>
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                    <street1>19500 VICTOR PARKWAY</street1>
                    <street2>SUITE 550</street2>
                    <city>LIVONIA</city>
                    <stateOrCountry>MI</stateOrCountry>
                    <stateOrCountryDescription>MICHIGAN</stateOrCountryDescription>
                    <zipCode>48152</zipCode>
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                    <state>CO</state>
                    <description>COLORADO</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Gary Benson</recipientName>
                <recipientCRDNumber>1182211</recipientCRDNumber>
                <associatedBDName>NPB Financial Group, LLC</associatedBDName>
                <associatedBDCRDNumber>137743</associatedBDCRDNumber>
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                    <street1>3500 W. OLIVE AVENUE</street1>
                    <street2>THIRD FLOOR</street2>
                    <city>Burbank</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>91505</zipCode>
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                    <state>CA</state>
                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Thomas Povinelli</recipientName>
                <recipientCRDNumber>1326492</recipientCRDNumber>
                <associatedBDName>Royal Alliance Associates, Inc.</associatedBDName>
                <associatedBDCRDNumber>23131</associatedBDCRDNumber>
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                    <street1>10 EXCHANGE PLACE</street1>
                    <street2>SUITE 1410</street2>
                    <city>JERSEY CITY</city>
                    <stateOrCountry>NJ</stateOrCountry>
                    <stateOrCountryDescription>NEW JERSEY</stateOrCountryDescription>
                    <zipCode>07302</zipCode>
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                    <state>CT</state>
                    <description>CONNECTICUT</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Kelly Clyde</recipientName>
                <recipientCRDNumber>4825839</recipientCRDNumber>
                <associatedBDName>Independent Financial Group, LLC</associatedBDName>
                <associatedBDCRDNumber>7717</associatedBDCRDNumber>
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                    <street1>12671 HIGH BLUFF DRIVE</street1>
                    <street2>SUITE 200</street2>
                    <city>SAN DIEGO</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92130</zipCode>
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                    <state>CA</state>
                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Anders Haugen</recipientName>
                <recipientCRDNumber>5227103</recipientCRDNumber>
                <associatedBDName>Cetera Advisor Networks, LLC</associatedBDName>
                <associatedBDCRDNumber>13572</associatedBDCRDNumber>
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                    <street1>200 N PACIFIC COAST HWY</street1>
                    <street2>STE 1300</street2>
                    <city>EL SEGUNDO</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>90245-5672</zipCode>
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                    <state>MN</state>
                    <description>MINNESOTA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Alex Kowalski</recipientName>
                <recipientCRDNumber>4495275</recipientCRDNumber>
                <associatedBDName>Concorde Investment Services, LLC</associatedBDName>
                <associatedBDCRDNumber>151604</associatedBDCRDNumber>
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                    <street1>19500 VICTOR PARKWAY</street1>
                    <street2>SUITE 550</street2>
                    <city>LIVONIA</city>
                    <stateOrCountry>MI</stateOrCountry>
                    <stateOrCountryDescription>MICHIGAN</stateOrCountryDescription>
                    <zipCode>48152</zipCode>
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                    <state>WI</state>
                    <description>WISCONSIN</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Richard Park</recipientName>
                <recipientCRDNumber>4557055</recipientCRDNumber>
                <associatedBDName>Royal Alliance Associates, Inc.</associatedBDName>
                <associatedBDCRDNumber>23131</associatedBDCRDNumber>
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                    <street1>10 EXCHANGE PLACE</street1>
                    <street2>SUITE 1410</street2>
                    <city>JERSEY CITY</city>
                    <stateOrCountry>NJ</stateOrCountry>
                    <stateOrCountryDescription>NEW JERSEY</stateOrCountryDescription>
                    <zipCode>07302</zipCode>
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                    <state>HI</state>
                    <description>HAWAII</description>
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            <recipient>
                <recipientName>Jeffrey Baker</recipientName>
                <recipientCRDNumber>2102752</recipientCRDNumber>
                <associatedBDName>Vanderbilt Securities, LLC</associatedBDName>
                <associatedBDCRDNumber>5953</associatedBDCRDNumber>
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                    <street1>125 FROEHLICH FARM BLVD.</street1>
                    <city>WOODBURY</city>
                    <stateOrCountry>NJ</stateOrCountry>
                    <stateOrCountryDescription>NEW JERSEY</stateOrCountryDescription>
                    <zipCode>11797</zipCode>
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                    <state>HI</state>
                    <description>HAWAII</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>John Orito</recipientName>
                <recipientCRDNumber>2008254</recipientCRDNumber>
                <associatedBDName>Summit Brokerage Services, Inc</associatedBDName>
                <associatedBDCRDNumber>34643</associatedBDCRDNumber>
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                    <street1>595 S. FEDERAL HIGHWAY</street1>
                    <street2>SUITE 500</street2>
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                    <zipCode>33432</zipCode>
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                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Scott Brown</recipientName>
                <recipientCRDNumber>4322420</recipientCRDNumber>
                <associatedBDName>Royal Alliance Associates, Inc.</associatedBDName>
                <associatedBDCRDNumber>23131</associatedBDCRDNumber>
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                    <street1>10 EXCHANGE PLACE</street1>
                    <street2>SUITE 1410</street2>
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                    <stateOrCountry>NJ</stateOrCountry>
                    <stateOrCountryDescription>NEW JERSEY</stateOrCountryDescription>
                    <zipCode>07302</zipCode>
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                    <state>CA</state>
                    <description>CALIFORNIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Gene Alvin Brehm</recipientName>
                <recipientCRDNumber>2815437</recipientCRDNumber>
                <associatedBDName>Saxony Securities</associatedBDName>
                <associatedBDCRDNumber>115547</associatedBDCRDNumber>
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                    <zipCode>63119</zipCode>
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                    <description>TEXAS</description>
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                <foreignSolicitation>false</foreignSolicitation>
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                <recipientName>David Kluksdal</recipientName>
                <recipientCRDNumber>4850332</recipientCRDNumber>
                <associatedBDName>Summit Brokerage Services, Inc</associatedBDName>
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                    <description>IDAHO</description>
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                <recipientName>Stephen Stech</recipientName>
                <recipientCRDNumber>4789542</recipientCRDNumber>
                <associatedBDName>Summit Brokerage Services, Inc</associatedBDName>
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                    <street1>595 S. FEDERAL HIGHWAY</street1>
                    <street2>SUITE 500</street2>
                    <city>BOCA RATON</city>
                    <stateOrCountry>FL</stateOrCountry>
                    <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                    <zipCode>33432</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>ID</state>
                    <description>IDAHO</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Mark Rupp</recipientName>
                <recipientCRDNumber>2128362</recipientCRDNumber>
                <associatedBDName>Summit Brokerage Services, Inc</associatedBDName>
                <associatedBDCRDNumber>16507</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>595 S. FEDERAL HIGHWAY</street1>
                    <street2>SUITE 500</street2>
                    <city>BOCA RATON</city>
                    <stateOrCountry>FL</stateOrCountry>
                    <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                    <zipCode>33432</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>ID</state>
                    <description>IDAHO</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Joseph Hubbard</recipientName>
                <recipientCRDNumber>2128362</recipientCRDNumber>
                <associatedBDName>First Financial Equity Corp</associatedBDName>
                <associatedBDCRDNumber>16507</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>7373 N. SCOTTSDALE ROAD</street1>
                    <street2>STE D120</street2>
                    <city>Scottsdale</city>
                    <stateOrCountry>AZ</stateOrCountry>
                    <stateOrCountryDescription>ARIZONA</stateOrCountryDescription>
                    <zipCode>85253</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CO</state>
                    <description>COLORADO</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Stephen Swarbrick</recipientName>
                <recipientCRDNumber>2444058</recipientCRDNumber>
                <associatedBDName>Questar Capital Corp.</associatedBDName>
                <associatedBDCRDNumber>43100</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>5701 GOLDEN HILLS DRIVE</street1>
                    <city>MINNEAPOLIS</city>
                    <stateOrCountry>MN</stateOrCountry>
                    <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                    <zipCode>55416</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>John Bishop</recipientName>
                <recipientCRDNumber>866202</recipientCRDNumber>
                <associatedBDName>Chalice Capital Partners, LLC</associatedBDName>
                <associatedBDCRDNumber>288898</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>10920 VIA FRONTERA</street1>
                    <street2>SUITE 520</street2>
                    <city>San Diego</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92127</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>DE</state>
                    <description>DELAWARE</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Timothy Hobbs</recipientName>
                <recipientCRDNumber>2531874</recipientCRDNumber>
                <associatedBDName>Callaway Financial Services Inc</associatedBDName>
                <associatedBDCRDNumber>104003</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>3700 BUFFALO SPEEDWAY</street1>
                    <street2>SUITE 950</street2>
                    <city>HOUSTON</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>77098</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>TX</state>
                    <description>TEXAS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Brian Zimmerman</recipientName>
                <recipientCRDNumber>2401501</recipientCRDNumber>
                <associatedBDName>Independent Financial Group, LLC</associatedBDName>
                <associatedBDCRDNumber>7717</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>12671 HIGH BLUFF DRIVE</street1>
                    <street2>SUITE 200</street2>
                    <city>SAN DIEGO</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92130</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Susan Gitt</recipientName>
                <recipientCRDNumber>5580509</recipientCRDNumber>
                <associatedBDName>Great Point Capital LLC</associatedBDName>
                <associatedBDCRDNumber>114203</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>200 WEST JACKSON BLVD.</street1>
                    <street2>SUITE 1000</street2>
                    <city>Chicago</city>
                    <stateOrCountry>IL</stateOrCountry>
                    <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                    <zipCode>60606</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Triad Advisors, Inc.</recipientName>
                <recipientCRDNumber>25803</recipientCRDNumber>
                <associatedBDName>Triad Advisors, Inc.</associatedBDName>
                <associatedBDCRDNumber>25803</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>5155 PEACHTREE PARKWAY</street1>
                    <street2>SUITE 3220</street2>
                    <city>NORCROSS</city>
                    <stateOrCountry>GA</stateOrCountry>
                    <stateOrCountryDescription>GEORGIA</stateOrCountryDescription>
                    <zipCode>30092</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>OH</state>
                    <description>OHIO</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Dennis O'Connor</recipientName>
                <recipientCRDNumber>1595467</recipientCRDNumber>
                <associatedBDName>Cetera Advisors, LLC</associatedBDName>
                <associatedBDCRDNumber>10299</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4600 SOUTH SYRACUSE STREET</street1>
                    <street2>Suite 600</street2>
                    <city>Denver</city>
                    <stateOrCountry>CO</stateOrCountry>
                    <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                    <zipCode>80237</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                    <description>NEW YORK</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Robert Schultz</recipientName>
                <recipientCRDNumber>4163450</recipientCRDNumber>
                <associatedBDName>Royal Alliance Associates, Inc</associatedBDName>
                <associatedBDCRDNumber>23131</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>10 EXCHANGE PLACE</street1>
                    <street2>SUITE 1410</street2>
                    <city>JERSEY CITY</city>
                    <stateOrCountry>NJ</stateOrCountry>
                    <stateOrCountryDescription>NEW JERSEY</stateOrCountryDescription>
                    <zipCode>07302</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>John Mansfield</recipientName>
                <recipientCRDNumber>1448145</recipientCRDNumber>
                <associatedBDName>H D Vest Investment Securities Inc</associatedBDName>
                <associatedBDCRDNumber>13686</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>6333 NORTH STATE HIGHWAY 161</street1>
                    <street2>4TH FLOOR</street2>
                    <city>IRVING</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>75038-2200</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>OK</state>
                    <description>OKLAHOMA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>James Duren</recipientName>
                <recipientCRDNumber>73923</recipientCRDNumber>
                <associatedBDName>Sagepoint Financial, Inc.</associatedBDName>
                <associatedBDCRDNumber>133763</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>20 E THOMAS RD</street1>
                    <street2>SUITE 2000</street2>
                    <city>PHOENIX</city>
                    <stateOrCountry>AZ</stateOrCountry>
                    <stateOrCountryDescription>ARIZONA</stateOrCountryDescription>
                    <zipCode>85012</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AL</state>
                    <description>ALABAMA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Daniel Bisese</recipientName>
                <recipientCRDNumber>5193830</recipientCRDNumber>
                <associatedBDName>FSC Securities Corporation</associatedBDName>
                <associatedBDCRDNumber>7461</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2300 WINDY RIDGE PKWY</street1>
                    <street2>SUITE 750</street2>
                    <city>ATLANTA</city>
                    <stateOrCountry>GA</stateOrCountry>
                    <stateOrCountryDescription>GEORGIA</stateOrCountryDescription>
                    <zipCode>30339</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>GA</state>
                    <description>GEORGIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>G Dennis Shay</recipientName>
                <recipientCRDNumber>3134093</recipientCRDNumber>
                <associatedBDName>1st Global Capital Corporation</associatedBDName>
                <associatedBDCRDNumber>30349</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>12750 MERIT DRIVE</street1>
                    <street2>SUITE 1200</street2>
                    <city>DALLAS</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>75251</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>TX</state>
                    <description>TEXAS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Monica Osborne</recipientName>
                <recipientCRDNumber>3256608</recipientCRDNumber>
                <associatedBDName>H D Vest Investment Securities I</associatedBDName>
                <associatedBDCRDNumber>13686</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>6333 NORTH STATE HIGHWAY 161</street1>
                    <street2>4TH FLOOR</street2>
                    <city>IRVING</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>75038-2200</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>OR</state>
                    <description>OREGON</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Larry Manuel</recipientName>
                <recipientCRDNumber>1698280</recipientCRDNumber>
                <associatedBDName>Lincoln Financial Advisors</associatedBDName>
                <associatedBDCRDNumber>3978</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1300 SOUTH CLINTON STREET</street1>
                    <street2>SUITE 150</street2>
                    <city>FORT WAYNE</city>
                    <stateOrCountry>IN</stateOrCountry>
                    <stateOrCountryDescription>INDIANA</stateOrCountryDescription>
                    <zipCode>46802</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <over100RecipientFlag>true</over100RecipientFlag>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>138158359</totalOfferingAmount>
            <totalAmountSold>100701745</totalAmountSold>
            <totalRemaining>37456614</totalRemaining>
            <clarificationOfResponse>Regarding Item 11, the Issuer may accept smaller investments in the Sponsor's sole discretion.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>149</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>12296094</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>Sales Commissions include estimates of the maximum amount of Selling Commissions, Dealer Fees and Placement Agent Fee that may be paid to one or more Related Persons.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>6735667</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>Item 16 is an estimate of acquisition fees, reimbursements for certain acquisition and financing costs and offering and organizational expenses that may accrue to one or more Related Persons.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>National Multifamily Portfolio IV DST</issuerName>
                <signatureName>/s/ Keith D. Lampi</signatureName>
                <nameOfSigner>Keith D. Lampi</nameOfSigner>
                <signatureTitle>CIO of Member of Signatory Trustee of the Issuer</signatureTitle>
                <signatureDate>2019-02-12</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
